December corn futures were able to recover from early weakness in yesterday’s session as money flow and technicals continue to look constructive.The Fed met expectations yesterday by cutting rates and although U.S benchmarks swung briefly in both directions, they are right where they were leading up to the policy decision. FOMC members poured cold water over the action by not forecasting additional cuts this year.April live cattle managed to work back towards yesterday’s/last week’s highs, just shy of 116.The grain market giveth and the market taketh, that was the theme in yesterday’s trade. Profit-taking coupled with a retreat in oil prices led to weakness in yesterday’s session.U.S benchmarks jumped to session highs on yesterday’s close and ahead of today’s big Fed decision. For the last two months, the Federal Reserve has been fully expected to cut rates with nearly a 100% probability.Corn futures sprang higher yesterday on the headlines around the energy sector spiking oil prices which trickles down into strength in ethanol and corn.U.S benchmarks are holding at least 1% from their near record-setting swing highs last week.The market managed to rally in the back half of the week, following a “blah” USDA report. We view the inability to break the market on a bearish report as a big positive. U.S benchmarks are battling to pare losses after opening lower amid geopolitical shock due to the drone attacks Saturday on a Saudi Arabian oil facility. The Abqaiq facility is known to be the most important in the world.We got two new headlines last night, one that said the U.S. would delay the increase in tariffs until October 15th. The other was that Taiwan would step in and buy 3.6 billion dollars in American agricultural products.